**5. REPORTS:** Lessee will provide Lessor with the following in writing within the time periods
specified: (a) notice of any tax or other lien which attaches to the Aircraft and the full
particulars of the tax or lien, within thirty (30) days after Lessee becomes aware of the tax or
lien, (b) Guarantor’s complete financial statements, certified by a recognized firm of certified
public accountants, within ninety (90) days of the close of each fiscal year of Guarantor, and any
further financial information or reports, upon reasonable request (it being understood that so long
as Guarantor continues to report its financial statements in SEC form 10-K, and such 10-K remains
publicly available, Guarantor shall have no further obligation to deliver annual financial
statements); (c) notice to Lessor of the Aircraft’s location, and the location of all information,
logs, documents and records relating to the Aircraft and its use, maintenance and/or condition,
immediately upon reasonable request; (d) notice to Lessor of the relocation of the Aircraft’s
primary hangar location, as soon as practicable upon intent by Lessee to so relocate and in any
event at least simultaneously with any relocation; (e) notice of loss or damage to the Aircraft
which would cost more than the lesser of (i) ten percent (10%) of the original Capitalized Lessor’s
Cost or (ii) two hundred fifty thousand Dollars ($250,000.00) to repair or replace, within ten (10)
days of such loss or damage; (f) notice of any accident involving the Aircraft causing personal
injury or property damage, within the earlier of twenty (20) days of such accident or when required